HomeMy WebLinkAboutR-23-08 1st Qtr Budget AmendmentRESOLUTION. NO. R-23-08
A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA
RECOGNIZING CERTAIN ADJUSTMENTS TO THE BUDGET FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2022 AND ENDING SEPTEMBER 30, 2023 AS PROVIDED FOR IN
EXHIBIT "A"; PROVIDING FOR CONFLICTS; PROVIDING FOR SCRIVENER'S ERRORS;
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, an analysis of the revenues and expenditures for the three (3) months that ended on
December 31, 2022 was made to determine whether there were budget adjustments requiring formal approval
by the City Council; and
WHEREAS, it was determined that the City Council and City Manager previously approved all the
necessary amendments and adjustments and these should be reported in accordance with the Annual Budget
Resolution;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEBASTIAN,
INDIAN RIVER COUNTY, FLORIDA, THAT:
Section 1. The budget of the City of Sebastian, Indian River County, Florida for the Fiscal Year
beginning October 1, 2022 and ending September 30, 2023 has been amended and adjusted as necessary within
the quarter ending December 31, 2022; a summary of such amendments and adjustments being attached hereto
and more particularly identified as Exhibit "A"; the revised appropriations, if any, are set out therein and are
recognized as having been made to maintain and carry on the government of the City of Sebastian, Indian River
County, Florida.
Section 2. All resolutions or parts of resolutions in conflict herewith are hereby repealed.
Section 3. Sections of this resolution may be renumbered or re -lettered and corrections of
typographical errors which do not affect the intent may be authorized by the City Manager, or the City
Manager's designee, without need of further action of the City Council by filing a corrected copy of same
with the City Clerk.
Section 4. This Resolution shall become effective immediately upon its adoption.
It was moved for adoption by Councilmember Dodd
The motion was seconded by Councilmember Mcpartlan and, upon being put to a vote, the vote
was as follows:
Mayor Fred Jones
aye
Vice -Mayor Christopher Nunn
aye
Councilmember Ed Dodd
aye
Councilmember Bob MCPardan
aye
Councilmember Kelly Dixon
aye
The Mayor thereupon declared this Resolution duly passed and adopted this 22e° day of March 2023.
ATTEST:
.V.AX-�WrKI
Nanette Williams, MMC
ity Clerk
CITY OF SEBASTIAN, FLORIDA
By:
Mayor Fred Jones
Approved as to form and legality for the
reliance by City of Sebastian only:
drew Mai
Interim City Attorney _
EXHIBIT "A" OF RESOLUTION R-23-08
SUMMARY OF BUDGET CHANGES
FOR THE QUARTER ENDED December 31, 2022
ADJUSTMENTS PREVIOUSLY APPROVED BY CITY COUNCIL
Budget Before Budget Budget After
Pro`t/Account Change Adjustment Chanqe Reason for Adjustment
Professional Services $0 $70,000 $70,000 10/0122 Appmved Sustainable Economic
State DEO Gran( Revenue ___$0____._..($70:000)�570,000) Redevelopment Plan Grant forthe CRA.
with Accounts Items Not Receive$33 d 8,820 $113,876 $452,702
ADDromiated from General Reserves $0 ($60,264 $60,264 09/28/22 Budget Resolution Authorizes
Appropriated from LOGT Reserves ($257,494) ($5,4 ) $262,894) Adjustments for purchases that were
9ppropriated from Stonnwater Reserves ($299,539) f $6,793) '$305:326), obligated but not received by the end of the
'PrODriated from Golf Course Reserves $b $5,0 ) f$5,00) fiscal year.
State FDOT Grant Revenue ($500,000) ($180,000) ($680.000) Matching Funds on Construct Four Square
4ppr9pri9tedkgg1 _DST Reserves. $0 ....... $330v000.......
$330,OOO. Hangers Project _FDOT pays 80%vs: 50%:
iin-Sir�uctu $41,400 $S,b50 $47,255
State FDOTi9rant Raven @ ($33.1201 ($4,694) ($37,814) 10/1222 Adjust Runway Markings Project
to approved amount of eligible costs.
.Appropriation from Airport.eserves_J$8,280)__._____f$1 .174) ($9,454)__________ _ __ __ _ _
_ _ _ _ we ..
Fagade, Sign $Landscaping Grants $0 ($31.951) $3( .1,951j 07/27/22 Approved CRA Gents that were
4ppropdationfrom CRA Reserves ------- $0 ......... 31v951_._... .$31°951 notpaid before the end of thefiscalyear.
Transfers to Protect Funds $0 $5.651,389 5.651,389
FylDroodated from General Reserves ($60,264) ($.21j,065) 2785.329)
ororidated from American Rescue Plan $0 (2,69 ,1 ) $2.89 156
ppropriated from LOGT Reserves 262,894 (($93,600]] JJ$ 4 ) 092822 Budget Resolution Authorizes
�Dropriated from DST Reserves 30,00� ($1,940,646`)) ($1,610,646) Adjustments for Project budget balances to
F)norooriated from CRA Reserves ($31,951] J$77,8791 ($109.630I be canted forward to the following year.
((( Droonated from Rec. Imnact Reserves $0 i4XII.798) ($199.7981
Replacement of US1
A)proprlatipn ft9o.
ADJUSTMENTS BEING SUBMITTED FOR CITY COUNCIL APPROVAL:
Budget Before Budget Budget After
Project/Account Change Adjustment Change Reason for Adjustment
None to reood.
ADJUSTMENTS PREVIOUSLY AUTHORIZED BY THE CITY MANAGER:
Budget Before Budget Budget After
ProjecUAccount Change Adjustment Changye Reason for A ustment
RecT_ ent Reimbursements $0 $13,450 $13.46D Adjustment to separately account for the
Reoular Salaries $2.043.500 ($13.450) $2.030.050 payments on the Police Recrutts program.